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Description

Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential! Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces!

Listing ID #202602308

Residential Sale

409 S 7th Avenue
Iowa City, Iowa 52240

$309,950
Beds4
Total Baths2
Square Feet1,721
Construction Year1992
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
StatusActive
Listing Agent
Tracy Barkalow
Barkalow & Associates, Realtors
Mortgage Calculator
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Features
202602308
Single Family Residence
4
2
1,721 Sqft
1992
Attached Garage, Off Street
Full
Patio, Outbuildings, Shed
Frame, Vinyl
Corner of Court Street and 7th Avenue
Additional Details
Central Air
Forced Air
Other, Breakfast Bar, Dining Room Separate
04-07-2026
50 x 125
Ridgewood

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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